Morgan Stanley (MS) Upgraded by Credit Suisse Group to Outperform

Credit Suisse Group upgraded shares of Morgan Stanley (NYSE:MS) from a neutral rating to an outperform rating in a research report released on Monday morning. The firm currently has $54.00 target price on the financial services provider’s stock, up from their previous target price of $49.00.

Other analysts have also issued research reports about the company. HSBC Holdings plc set a $54.00 price objective on Morgan Stanley and gave the stock a hold rating in a report on Friday, August 11th. Zacks Investment Research raised Morgan Stanley from a sell rating to a hold rating in a report on Monday, July 24th. Macquarie reissued an outperform rating and set a $52.00 price target (up previously from $51.00) on shares of Morgan Stanley in a report on Saturday, July 22nd. J P Morgan Chase & Co set a $53.00 price target on Morgan Stanley and gave the company a buy rating in a report on Friday, September 15th. Finally, BMO Capital Markets boosted their price target on Morgan Stanley from $58.00 to $61.00 and gave the company an outperform rating in a report on Thursday, July 20th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the stock. Morgan Stanley presently has an average rating of Buy and an average price target of $49.39.

Morgan Stanley (MS) opened at 49.38 on Monday. Morgan Stanley has a 52 week low of $30.96 and a 52 week high of $50.14. The company has a market cap of $90.69 billion, a P/E ratio of 14.14 and a beta of 1.61. The firm has a 50-day moving average price of $46.84 and a 200-day moving average price of $44.86.

Morgan Stanley (NYSE:MS) last issued its quarterly earnings data on Wednesday, July 19th. The financial services provider reported $0.87 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.76 by $0.11. Morgan Stanley had a return on equity of 9.83% and a net margin of 16.77%. The company had revenue of $9.50 billion during the quarter, compared to analyst estimates of $9.05 billion. During the same quarter in the previous year, the company posted $0.75 earnings per share. Morgan Stanley’s revenue was up 6.7% compared to the same quarter last year. Equities research analysts anticipate that Morgan Stanley will post $3.47 EPS for the current fiscal year.

TRADEMARK VIOLATION NOTICE: “Morgan Stanley (MS) Upgraded by Credit Suisse Group to Outperform” was originally posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this article on another site, it was illegally copied and republished in violation of United States & international copyright laws. The correct version of this article can be read at https://ledgergazette.com/2017/10/10/morgan-stanley-ms-upgraded-by-credit-suisse-group-to-outperform.html.

Morgan Stanley declared that its board has authorized a share buyback program on Wednesday, June 28th that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the financial services provider to purchase up to 6.1% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

In other Morgan Stanley news, CFO Jonathan Pruzan sold 25,767 shares of the firm’s stock in a transaction that occurred on Thursday, July 20th. The shares were sold at an average price of $46.68, for a total value of $1,202,803.56. Following the transaction, the chief financial officer now directly owns 196,708 shares of the company’s stock, valued at approximately $9,182,329.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman James P. Gorman sold 212,366 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $47.26, for a total transaction of $10,036,417.16. Following the completion of the transaction, the chairman now directly owns 1,602,609 shares in the company, valued at $75,739,301.34. The disclosure for this sale can be found here. Company insiders own 0.24% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Davidson Investment Advisors lifted its stake in Morgan Stanley by 2.6% in the 1st quarter. Davidson Investment Advisors now owns 291,525 shares of the financial services provider’s stock worth $12,486,000 after purchasing an additional 7,462 shares in the last quarter. Westpac Banking Corp raised its position in shares of Morgan Stanley by 28.5% during the 1st quarter. Westpac Banking Corp now owns 330,925 shares of the financial services provider’s stock valued at $9,425,000 after buying an additional 73,424 shares during the period. Davidson & Garrard Inc. raised its position in shares of Morgan Stanley by 2.2% during the 2nd quarter. Davidson & Garrard Inc. now owns 5,525 shares of the financial services provider’s stock valued at $246,000 after buying an additional 120 shares during the period. Calamos Wealth Management LLC purchased a new stake in shares of Morgan Stanley during the 2nd quarter valued at approximately $1,412,000. Finally, SG Americas Securities LLC raised its position in shares of Morgan Stanley by 113.2% during the 1s

Other analysts have also issued research reports about the company. HSBC Holdings plc set a $54.00 price objective on Morgan Stanley and gave the stock a hold rating in a report on Friday, August 11th. Zacks Investment Research raised Morgan Stanley from a sell rating to a hold rating in a report on Monday, July 24th. Macquarie reissued an outperform rating and set a $52.00 price target (up previously from $51.00) on shares of Morgan Stanley in a report on Saturday, July 22nd. J P Morgan Chase & Co set a $53.00 price target on Morgan Stanley and gave the company a buy rating in a report on Friday, September 15th. Finally, BMO Capital Markets boosted their price target on Morgan Stanley from $58.00 to $61.00 and gave the company an outperform rating in a report on Thursday, July 20th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the stock. Morgan Stanley presently has an average rating of Buy and an average price target of $49.39.

Morgan Stanley (MS) opened at 49.38 on Monday. Morgan Stanley has a 52 week low of $30.96 and a 52 week high of $50.14. The company has a market cap of $90.69 billion, a P/E ratio of 14.14 and a beta of 1.61. The firm has a 50-day moving average price of $46.84 and a 200-day moving average price of $44.86.

Morgan Stanley (NYSE:MS) last issued its quarterly earnings data on Wednesday, July 19th. The financial services provider reported $0.87 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.76 by $0.11. Morgan Stanley had a return on equity of 9.83% and a net margin of 16.77%. The company had revenue of $9.50 billion during the quarter, compared to analyst estimates of $9.05 billion. During the same quarter in the previous year, the company posted $0.75 earnings per share. Morgan Stanley’s revenue was up 6.7% compared to the same quarter last year. Equities research analysts anticipate that Morgan Stanley will post $3.47 EPS for the current fiscal year.

TRADEMARK VIOLATION NOTICE: “Morgan Stanley (MS) Upgraded by Credit Suisse Group to Outperform” was originally posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this article on another site, it was illegally copied and republished in violation of United States & international copyright laws. The correct version of this article can be read at https://ledgergazette.com/2017/10/10/morgan-stanley-ms-upgraded-by-credit-suisse-group-to-outperform.html.

Morgan Stanley declared that its board has authorized a share buyback program on Wednesday, June 28th that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the financial services provider to purchase up to 6.1% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

In other Morgan Stanley news, CFO Jonathan Pruzan sold 25,767 shares of the firm’s stock in a transaction that occurred on Thursday, July 20th. The shares were sold at an average price of $46.68, for a total value of $1,202,803.56. Following the transaction, the chief financial officer now directly owns 196,708 shares of the company’s stock, valued at approximately $9,182,329.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman James P. Gorman sold 212,366 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $47.26, for a total transaction of $10,036,417.16. Following the completion of the transaction, the chairman now directly owns 1,602,609 shares in the company, valued at $75,739,301.34. The disclosure for this sale can be found here. Company insiders own 0.24% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Davidson Investment Advisors lifted its stake in Morgan Stanley by 2.6% in the 1st quarter. Davidson Investment Advisors now owns 291,525 shares of the financial services provider’s stock worth $12,486,000 after purchasing an additional 7,462 shares in the last quarter. Westpac Banking Corp raised its position in shares of Morgan Stanley by 28.5% during the 1st quarter. Westpac Banking Corp now owns 330,925 shares of the financial services provider’s stock valued at $9,425,000 after buying an additional 73,424 shares during the period. Davidson & Garrard Inc. raised its position in shares of Morgan Stanley by 2.2% during the 2nd quarter. Davidson & Garrard Inc. now owns 5,525 shares of the financial services provider’s stock valued at $246,000 after buying an additional 120 shares during the period. Calamos Wealth Management LLC purchased a new stake in shares of Morgan Stanley during the 2nd quarter valued at approximately $1,412,000. Finally, SG Americas Securities LLC raised its position in shares of Morgan Stanley by 113.2% during the 1st quarter. SG Americas Securities LLC now owns 206,426 shares of the financial services provider’s stock valued at $8,843,000 after buying an additional 1,773,467 shares during the period. 85.18% of the stock is currently owned by institutional investors and hedge funds.

Morgan Stanley Company Profile

Morgan Stanley is a financial holding company. The Company’s segments include Institutional Securities, Wealth Management and Investment Management. The Company’s Institutional Securities business segment provides investment banking, sales and trading, and other services to corporations, governments, financial institutions and high-to-ultra high net worth clients.

Analyst Recommendations for Morgan Stanley (NYSE:MS)

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